Post Utme Veritas University 2017 Accounting Question 14

Practice objective / multiple choice question 14 from the 2017 Post Utme Veritas University Accounting examination.

Post Utme Veritas University 2017 Accounting Objective / Multiple Choice
Question 14 POST_UTME_VERITAS_UNIVERSITY • 2017 • ACCOUNTING • objective

A company issued 5% debentures of ₦1,000 each. The company pays interest annually. Calculate the annual interest payable on the debentures.

Answer Options

A. ₦50
Correct Answer B. ₦100
C. ₦150
D. ₦200
Correct Answer
B
Correct Option:
₦100

About This Question

This is Post Utme Veritas University 2017 Accounting Question 14. It is one of the objective questions from the 2017 Post Utme Veritas University Accounting examination.

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